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753 Division St - PARK CITY APPROVED SELF-STORAGE SITE 4.3 Acres of Commercial Land Offered at $7,500,000 in Park City, UT 84098
PROPERTY FACTS Under Contract
| Price | $7,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Self Storage |
| No. Lots | 1 | Total Lot Size | 4.30 AC |
| Property Type | Land | ||
| Zoning | Commercial - Commercial Zoning | ||
| Price | $7,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Self Storage |
| Total Lot Size | 4.30 AC |
| Zoning | Commercial - Commercial Zoning |
1 LOT AVAILABLE
Lot
| Price | $7,500,000 | Lot Size | 4.30 AC |
| Price Per AC | $1,744,186.05 |
| Price | $7,500,000 |
| Price Per AC | $1,744,186.05 |
| Lot Size | 4.30 AC |
Fully entitled Permit Ready//Current owners have worked through the process with Summit County and all agencies to deliver the site fully entitled to the buyer. Buyer will be responsible for pulling permits and executing agreements with the county.
DESCRIPTION
Located at the intersection of Interstate 80 and Highway 40 the asset will out position any other storage properties in the market and command the highest rates in the entire state. Due to the number of vacation properties, Park City also has above average usage rates with demand outpacing supply. Summit County and Park City are known for decades long entitlement processes and restrictive zoning. Park City is committed to maintaining resort style developments and additional housing, providing little opportunity for additional self-storage developments.
PROPERTY TAXES
| Parcel Number | SL-I-8-4A-AM | Improvements Assessment | $588,028 |
| Land Assessment | $3,059,648 | Total Assessment | $3,647,676 |
PROPERTY TAXES
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753 Division St - PARK CITY APPROVED SELF-STORAGE SITE
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